Hi,
Seems to be breaking down technically, so could be a serious pullback here possibly to previous high of around .18c over the next month.
Possibly a great chance to load up.
So much for the seasonality trade view that some commentators have been talking about.
My view is the market has overcome the initial Sput exuberance and now will wait for confirmation of supply/deficit (Spot Price much higher)
Reality might be $70 - 80 Lb for those in a position to produce this cycle, if high inflation comes.
This could be a bit painful in the short term, but nothing has changed for the long term.
Just my view - DYOR & I could be totally wrong.
Cheers
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